Underbidder on Early Gold Last Night

Proofmorgan

I alluded to chasing some coins in my central states show report.

I was after this 1798 QE last night. All data pointed to $50k, but my gut said that was obsolete data dnd it would be $60k+. This thinly traded series can be hard to price. There was a significant pause at my bid at the $60k level where I thought it might close then…the auctioneer pleaded for more bids where it rushed 4 increments to $72k. I couldn’t bring myself to hit the bid button at $75k….or more. Time is on my side, I’ll grab the next one that comes around in a decade or so.

More options coming tonight. I’ll keep you all in the loop.

Pedzola

Nice coin. It was on my watch list and I was surprised how high it went. Congrats to whoever won it.

Are you looking for a type example or pursuing a date set? (tough!)

Project Numismatics

Wow, gorgeous coin. I admire your ability to be patient!

Pnies20

Wow must’ve been tough to pass up. It’s got everything!

lermish

That is a beautiful example of a very tough coin, the strikes on many of those early QEs are all over the place. Sorry it didn't work out this time!!!

skier07

Maybe it’s me but unless you’re a Hansen, I’d be very reluctant to reach for a thinly traded coin with inflation, a looming recession, and the stock market in the toilet while the coin market may be at an inflection point. It certainly is a great looking and neat coin.

logger7

https://coins.ha.com/itm/early-quarter-eagles/1798-2-1-2-wide-date-five-berries-bd-2-r5-au55-pcgs-cac/a/1359-3189.s

I've noted the discipline of most dealers and serious collectors that will not go over what they consider a fair price.

johnny010

@skier07 said:
Maybe it’s me but unless you’re a Hansen, I’d be very reluctant to reach for a thinly traded coin with inflation, a looming recession, and the stock market in the toilet while the coin market may be at an inflection point. It certainly is a great looking and neat coin.

A different perspective is some people just like to collect irrespective of all the items you mentioned.

skier07

@johnny010 said:

@skier07 said:
Maybe it’s me but unless you’re a Hansen, I’d be very reluctant to reach for a thinly traded coin with inflation, a looming recession, and the stock market in the toilet while the coin market may be at an inflection point. It certainly is a great looking and neat coin.

A different perspective is some people just like to collect irrespective of all the items you mentioned.

There’s no right or wrong way. Coin collecting is a hobby for a lot of us here and we should do as we so desire.

MonsterCoinz

@skier07 said:
Maybe it’s me but unless you’re a Hansen, I’d be very reluctant to reach for a thinly traded coin with inflation, a looming recession, and the stock market in the toilet while the coin market may be at an inflection point. It certainly is a great looking and neat coin.

Also, the price was stable for about 6 years and then saw a 22% increase in about 1 year. What goes up..

Walkerfan

Nice Coin. I know you must be disappointed but patience will pay in the end and you’ll prevail. Good luck 🍀

daltex

@johnny010 said:

@skier07 said:
Maybe it’s me but unless you’re a Hansen, I’d be very reluctant to reach for a thinly traded coin with inflation, a looming recession, and the stock market in the toilet while the coin market may be at an inflection point. It certainly is a great looking and neat coin.

A different perspective is some people just like to collect irrespective of all the items you mentioned.

This would be the "box of 20" approach.

ricko

Beautiful gold coin, and I can see why you wanted it.... Tough decision to quit when so close. Good luck on the next one. Cheers, RickO

1madman

Consider yourself lucky as the underbidder